Excellent4.3

95% of customers recommended from 44 ratings

TSB are now an independent bank, having formerly been part of the Lloyds Bank group (which was then called Lloyds TSB). They have over 600 branches across the United Kingdom, including many former C&G branches. The savings accounts they offer include Cash ISA, instant access accounts, children's accounts and fixed bonds. They provide an online banking service, telephone banking, and mobile banking apps for your Android, Apple, Blackberry or Windows smartphone.

Compare TSB Savings

TSB Easy Saver
Account Type
Instant Access
Open With
£1
Interest Rate
0.5% AER variable inc. 0.30% fixed bonus for 12 months
Protection Scheme
FSCS
TSB eSavings Ex/C
Account Type
Instant Access
Open With
£1
Interest Rate
0.75% AER variable inc. 0.55% fixed bonus for 12 months
Protection Scheme
FSCS
TSB Cash ISA Saver
Account Type
Cash ISA
Open With
£1
Interest Rate
0.75% AER variable
Protection Scheme
FSCS
TSB Young Saver
Account Type
Instant Access
Open With
£1
Interest Rate
3% AER variable
Protection Scheme
FSCS
Available in branch only.
TSB 1 Year Monthly Saver Ex/C
Account Type
Regular Saver
Open With
£25
Interest Rate
5% AER fixed for 1 year
Protection Scheme
FSCS
TSB 1 Year Fixed Bond
Account Type
Fixed Bond
Open With
£2,000
Interest Rate
1.2% AER fixed for 1 year
Protection Scheme
FSCS
TSB 2 Year Fixed Bond
Account Type
Fixed Bond
Open With
£2,000
Interest Rate
1.5% AER fixed for 2 years
Protection Scheme
FSCS
TSB 3 Year Fixed Bond
Account Type
Fixed Bond
Open With
£2,000
Interest Rate
1.75% AER fixed for 3 years
Protection Scheme
FSCS
TSB Three Year Fixed Rate Cash ISA
Account Type
Cash ISA
Open With
£3,000
Interest Rate
1.75% AER fixed for 3 years
Protection Scheme
FSCS
TSB Two Year Fixed Rate Cash ISA
Account Type
Cash ISA
Open With
£3,000
Interest Rate
1.5% AER fixed for 2 years
Protection Scheme
FSCS
TSB Junior Cash ISA
Account Type
Junior Cash ISA
Open With
£1
Interest Rate
3% AER variable
Protection Scheme
FSCS
Available in branch only.
TSB Instant Access Account
Account Type
Business Instant Access Account
Open With
£1
Interest Rate
0.05% AER variable
Protection Scheme
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TSB Savings Reviews

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Got a TSB savings account? Tell us about your experience because it will help others. Add a review.

Excellent rate of interest when the market is so bad

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by judiblackstone

I needed to put some money away to save for future house repairs but the interest rates were so bad. Then I saw on Martins Money Tips that TSB was offering a good rate so I put in the minimum amount. It was very straightforward to open this account, even I who is not very computer literate just followed the instructions and everything went smoothly. The account is still open now.

No direct debits needed

A higher amount on which the interest is paid would be good

by , 10 Dec 2014 report review

Reliable and personal

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by debtunn

I find my local TSB brilliant for customer service always smiling and friendly service no matter what the query is or what time of day it is. The website is very easy to use and has some great products which offer good rates. When I went in with a problem they listened and did everything they could to resolve the problem really impressed with the service.

Freindly service and helpful

by , 9 Dec 2014 report review

Great bank with okay rates

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by nick24

They help the local economy thrive, they have drawbacks, for instance the benefits of the student accounts which at not as attractive as others in the market! They're customer service is great, they are very helpful and always have a smile on their face which goes a Long way in my books. They are alway eager to help you in what ever situation you have

Nice people

Student benefits

by , 21 Nov 2014 report review

Small but perfectly formed

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by sjstuf

I have a total of 4 accounts with TSB, and pass money between them to maximise interest. One is a Vantage account which I've had for years; two are those new Classic Plus accounts which pay the best interest rates around. The fourth is a monthly saver account which neatly mops up any excess cash. When I sign into TSB online, all the accounts are there on one page so I can simply smooth them all off to take the best advantage of their respective rates. The monthly saver doesn't pay as much interest as the Classic Plus accounts, but has the advantage that you can keep building it and receiving interest on all the money in there. You can only pay in a maximum of £250 per month, though, hence the juggling. Otherwise, I'd just pay in as much or as little as I could afford each time.

Easy to manage; reasonable and stable interest rate

by , 18 Oct 2014 report review

TSB Saving Account

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by stewbidd

I have been with TSB for a while with my current and savings account very reliable never had no problems and very polite and very helpful they go the extra mile with trying to explain things and to help there customers there savings account is one of the best on the high street if anybody asked me about applying for a savings account at tsb i would say go right ahead you wont find another bamk better

great customer service

by , 25 Nov 2014 report review

TSB Classic Plus 'Current' Account

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by daryl87

Although advertised as a current account, this is in effect a savings account as it offers 5% which is the highest rate you can find anywhere on the market. Higher even than ISA accounts, after they deduct the tax. You can have two accounts as well with them and as long as you show £500 going into the account, you will get the monthly interest. Their customer service is excellent as well, they provide information clearly and don't rush through as other bank customer service teams do. Their online bank uses fast payments and has a very clean look. I use their banking app mostly, and find it extremely good. You can now add new people you want to send money to on the app, which you previously could not do. So that is a real plus while on the go and need to pay someone you haven't paid before quickly.

High interest rate

by , 21 Nov 2014 report review

Interest on your money

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by arthurg72

5% interest is paid on the first £2,ooo of your savings, which is great, and it's a current account too. The interest is paid with no fuss. The account can be set up within 10 minutes, the website is easy to manage, with a good level of password security. So far I have had no problems and I would recommend anyone to get an account with the TSB, as the Cash ISA rates are particularly poor at the moment. Why would you bother locking funds away when you can have interest paid on the first £2,000 each month

Interest at a good rate

Only paid on the first £2,000

by , 16 Nov 2014 report review

TSB saving account

Excellent

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by jacq30

II would always encourage friends to shop around before committing to sny bank . Although savings would be ideal in my world they really don't exist at the moment. But TSB have a variety of savings accounts to meet varying needs. They still encourage savings awareness and review your accounts as and when you need to. The bank has a friendly approach to all. I would always eencourage others to save and like the manner in which TSB undertake there business. Customer Service was polite and efficient and carnt do enough for you

by , 21 Nov 2014 report review

TSB Current Account

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by Priceless

Beats many High Street Savings Account, the newish Current Account from TSB has an interest rate of 5% (4.89%APR) and requires to be funded with £500 per month. This £500 doesn't have to stay within the account and can be moved to another account as required. Interest is payable on the first £2,000 in the account. You can have up to 2 accounts allowing you to achieve 5% gross on £4,000 of savings. One of the best products around. Other good interest paying accounts seem to fall away after 12 to 18 months.

Great interest rate of 5%

Only payable on first £2,000 in the account.

by , 28 Oct 2014 report review

Tsb bank account savings

Good

  • Customer Service

  • Value for Money

  • Flexibility & Fairness

  • Product Features

Recommended by meliss90

The Isa has very poor interest rates but the current account is great. 5% at the moment up to 2,000. You can have two current accounts which attract this rate. It is taxable but it's a better deal than the ISA. I haven't dealt with customer service much yet as they are still a fairly new bank but I've always had previously great customer service when it was lloyds tsb.

Current account

Low isa rate

by , 19 Oct 2014 report review

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